Benefits of GST in India

GST means Goods and Services Tax. It's a new tax system which will absorb all the current taxes levied on goods, manufacturing, services etc under One Single Tax at the same value throughout India.
When people talk about Tax Saving SIP, people usually talk about GST as well. It's a major and very important tax change for India seeing our growth and economic advancement in the coming future.
Goods and Services Tax. Tax Saving SIP is also a very important taxation system of India alongside GST as well. Let us see why it is so important for India.
Tax Saving SIP and also GST will bring uniform taxation through India to all forms of production and services of a product. The most important point of the GST is that it will tax Economic activity at every stage of production at the same rate.
Now first of all, the GST is also a Value Added Tax that means producers at any stage of economic activity have to only give tax on the value added to the product, not on the final output. It's not tax on taxes.
Now to show how much value he has added to the product for taxation he has to show the invoice for the purchase of raw material or product from the previous stage. If he is not able to show the Invoice he will have to pay the tax on complete output.
So by generation of Invoice tax evasion will be checked completely and the government will get complete and proper share of the tax imposed.
Also the present scenario where middlemen take away the major factor of tax by helping businesses or manufacturers in tax evasion will stop. The police and babu's bribe business while crossing state borders will completely finish. This will help in timely delivery of goods across different parts of India.
Now as we know GST is a Value Added Tax. That means it will not follow the prior tax regime of taxing a product/commodity/services on the final cost at every stage.
What GST will do is it will tax the product/commodity/services on the value addition at each step. So ultimately the producer will pay less tax and the end user will obtain the product at a cheaper price.
Now in the previous point we have seen that After implementation of a full fledged GST across India the overall cost of the Product will decrease for the end user. Now when the cost will go down, consumers will start consuming more and hence demand of the product will go up leading to the supply of product in bigger quantities which will ultimately lead to more and more production. And hence GDP will rise.
Also there will be no tax invasion hence the government will get proper tax inflow and revenues will increase which will enable the government to invest money in infrastructures and other ventures will add to the increase of GDP of India.
This seems to be a long term benefit of GST. Since GST will ultimately help in decreasing the prices of the commodities, the end user, that is us, will spend less money purchasing the same item which will save us some money. Hence saving power of Indians will increase and those savings will be invested in different ways mainly in bank accounts which will further help in increase of GDP indirectly.


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The Difference Between Fixed and Mutual Funds

Topic of discussion is fixed deposit vs mutual fund. We see the older generation always asking the younger generation to put their money in a fixed deposit in a bank because they seem safe whereas investing in a mutual fund or stock market sounds risky. Explaining the depths in detail the Mutual Fund SIP Advisor has briefly discussed the differences between both. Also, the Mutual Fund SIP Advisor has provided clear definitions with the probability of risks involved in the subjects. Giving clear and up to the mark information, one must go to the Mutual Fund Sip Advisor for any doubt or query.

Now the question must arise in the minds of the reader that what is exactly risky. The probability of losing money is higher in the stock market with respect to banks hence it is risky. But the bigger fact is the interest rates given by the banks are always less than the inflation rates which in reality means that people lose money by keeping their money in banks with respect to earning the so called interest over it and locking the money for such a big amount of time.

Let us get clear on definitions first:

What are Fixed Deposits?

•In fixed deposits, there is no pooling of money by a group of investors. Instead, as the name suggests, it involves generating interest by keeping a sum of money fixed for a certain period or tenor.•This tenor usually ranges from one year to five years.
•Fixed deposits are beneficial as the rate of interest paid is higher than that of a savings account.
•This interest, combined with the principal, is returned to you at the maturity period.
•You can invest as little as Rs.25, 000 in a fixed deposit with minimal documentation.
What are Mutual Funds?
•A mutual fund is where many investors come together with a common goal of increasing their money.
•Investment is made in equities, bonds, money market instruments and/or other securities.
•The income earned through these investments is then equally distributed among the investors. This is done after deducting the expenses incurred.
In a nutshell, after giving the data important for the investor of either FD inclination or MF inclination, one thing is sure shot, one must be investing in order to stay financially healthy. Now as for where to go, then the choice is yours, you know the best. Choose your future wisely by considering all the facts and hence, take a long-term decision.
Investors who put their money in safe bets such as bank fixed deposits and gold saw better returns than mutual funds, equity and real estate investors in 2018. A one-year bank fixed deposit (FD) earned a return upwards of 6.5 per cent along with capital safety, whereas gold gave a return of 7.1 per cent in 2018.
However, before the end I need to write this last statement, which is always true.

Mutual Fund investments will be subject to market risks. Any mutual fund listed in the document does not guarantee fund performance or its underlying creditworthiness. Do read the mutual fund document thoroughly before investing. Specific investment needs and other factors have to be taken into account while designing a mutual fund portfolio.


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Best Ways To Invest In Mutual Funds And Sips

You can now Best Mutual Fund agent for SIP at your home, just by one click. Best Mutual Fund agent for SIP, you can also go through several online websites which will eventually take you for a ride. Mutual funds are a collection of shares or government bonds or debt contracts of companies, which are grouped in the anticipation of capital growth. Anyone can invest in mutual funds through various ways, Like going to the regional office of some stock broking company or making the acquaintance of a stockbroker or online registration. Now, to Best Mutual Fund agent for SIP, the following things can be done.

The easiest form of investment is through online portal, or apps which are free to use and do not charge you any brokerage. These apps namely, groww app, myway, et money, etc. work without charging any commission and there you save a lot of money cause even 1% charge in the long run cause you to lose a lot of money after the calculation of inflation rates and all.
These apps are easy because they give the live update of the funds you invested in the daily gains/losses. The basic formalities are simple and paperless and there is no need for anyone to go to some office or meet anyone for KYC and all. Just keep the important documents available like an Aadhaar card, PAN card, Bank statement (excel format) if required and photo for upload. Upload them all to a live video recording and in a day or so you are good to go. Invest in the mutual funds of youth choice. Now from so many apps, which app to choose:-
See the basic idea is the same, of how you invest there are simple minor variations in all which makes a user inclined towards some apps or a particular in that case.



Myway app

I personally use myway app. It is quite easy to use and on the first transaction accepts a debit card, which was an attention-grabbing feature in my case because in all other cases one needs to make a net or net banking transaction, which I was not keen on, or having knowledge of doing so. The app is quite easy to use and has a great number of mutual funds to invest in.

ET Money
This is another app, which I tried using before myway, and here there was only one issue if the bank account details are not filled correctly or due to some technical error, they are not updated. Then in addition, the app allows you to invest in mutual funds, but you are stuck, as withdrawing money is an issue through the app. For withdrawal, one has to note the folio number, go to the respective AMC website and make an account to withdraw the money. This happened to me in the case of Reliance Gilt Fund.

Groww app
This app is genuinely well crafted with the best user interface, but I did not allow me to make the payment through a debit card and I am well familiar with payment through debit card basis. Therefore, I was not able to use it for long.

There are other market competitors as well, like Paytm MF investor, easynvest, taxsaver i.e. or all the AMC generated personalised apps for the buy and sell of their particular mutual fund. THEREFORE, these were the best methods through which you may invest in the equity or debt markets.


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Defining the Insights of Mutual Funds

Currently, there are several Mutual Fund SIP Advisor in our country. They are quoted as’ Best Mutual Fund SIP Advisor, because of their knowledge, experience and various tactics in the field of funds helping people with investment and monetary issues. Thus, some of the Best Mutual Fund SIP Advisor, coming together has given an insight regarding mutual funds.

The year 2020-21 witnessed main fold regulatory approaches towards the development and growth of mutual fund industry in India and the developmental goals were addressed by providing provisions for infrastructure debt funds bringing depth in terms of allowing new class of investors that is the qualified foreign investors and new investment avenues for fund manager by enabling repo transactions in corporate debt securities.
Mutual funds are a form of collective investment that is useful in spreading risks and optimizing returns for an ordinary investor. The advantage of a mutual fund is that it brings a wide variety of security within the rich of the most modest of investors. The mutual fund companies collect money from investors in a smaller denomination and then based on their market knowledge and research, money is invested in various instruments of investment, viz, shares, debentures, bonds, etc. U-turns are then distributed among the investors after deducting the administrative expenses, they make up for investor's lack of knowledge and awareness and the mutual funds are regularly required to announce Net Asset Value of each scheme.

The scheme can be open-ended or closed-ended. In the open-ended schemes the investors have the opt-out at any moment but in the closed-ended schemes, an investor can make an exit only after a fixed period of time. Similarly, the schemes are designed so as to give regular income, cumulative growth or both. The investment priorities of the scheme are announced in the prospectus, specifying where all the investments will be made. All the mutual funds are asked to strictly adhere to portfolio disclosure, standardization of accounting policies, valuation norms for Net Asset Value band pricing. The mutual funds are regulated and supervised by SEBI which ensures investor protection facilitating competition imparting a greater degree of flexibility and promoting innovation.

The financial sector has a vital role in promoting efficiency and growth, it intermediates the flow of funds from those who want to save a part of their income to those who want to invest in productive assets. The width, depth, and diversity of the Indian financial system have increased recently. To access and read the creditworthiness of the companies and their financial instruments service rating companies, viz, CRISIL and ICRA have come up. The company? According to its strength and acts as guiding aids for the investors.

In India, lack of proper regulation has helped several scrupulous companies dupe the investors, these fly-by-night operators have damaged the capital market forcing millions of people to the time tested and fully secure bank and post office deposits provident funds and government securities. The medium to the long term debt market and short term money market in India are relatively segmented and underdeveloped, it's in the interest of both savers and those who invest in productive assets that the capital market in India became developed.

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